In this episode, Jim and Crystal talk about being overwhelmed by debt.



“No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.”Matthew 6:24 (NIV)



“Keep your lives free from the love of money and be content with what you have, because God has said, “Never will I leave you; never will I forsake you.” Hebrews 13:5 (NIV)



Stats:



According to 2016 NerdWallet statistics, the average American household carries $16,061 in credit card debt. Americans have several different types of debt. Besides credit card debt, this includes mortgages, auto loans and student loans, all totaling up to an average debt per household of $132,529. https://www.discover.com/credit-cards/resources/average-credit-card-debt/The average student loan debt for 2016 college graduates who borrowed to get through school was $37,172. If a 2016 graduate took the standard repayment plan for the $37,172 borrowed – 10 years, at 4.29% interest rate – they would be paying $382 a month for the next decade. https://www.debt.org/students/

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